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Well-Being Is Stagnant or Falling

Gallup reports that “for the first time in nine years of tracking changes in state well-being, no state saw statistically significant improvement from the year before.” And “nearly half of U.S. states saw their well-being scores decline.”

Given where we are in the economic cycle, this shouldn’t be happening. Well-being should be resurgent across the board. But it’s not.

For various reasons I’ve mentioned in prior posts, I worry about the next recession or financial crisis (whichever comes first). Survey results like this show my worry is not misplaced.